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REGISTERED NUMBER: 01842409 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

LION SPRINGS LIMITED

LION SPRINGS LIMITED (REGISTERED NUMBER: 01842409)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LION SPRINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mrs S Farooq





REGISTERED OFFICE: Summer Street
Rochdale
Lancashire
OL16 1SY





REGISTERED NUMBER: 01842409 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

LION SPRINGS LIMITED (REGISTERED NUMBER: 01842409)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,241 141,200

CURRENT ASSETS
Stocks 5 22,500 21,000
Debtors 6 56,973 58,576
Cash at bank and in hand 226,419 234,783
305,892 314,359
CREDITORS
Amounts falling due within one year 7 154,323 138,860
NET CURRENT ASSETS 151,569 175,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,810

316,699

CREDITORS
Amounts falling due after more than one year 8 (30,000 ) (40,000 )

PROVISIONS FOR LIABILITIES 10 (1,115 ) (1,297 )
NET ASSETS 260,695 275,402

CAPITAL AND RESERVES
Called up share capital 11 3,000 3,000
Revaluation reserve 12 61,453 61,453
Capital redemption reserve 10,500 10,500
Retained earnings 185,742 200,449
SHAREHOLDERS' FUNDS 260,695 275,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:





Mrs S Farooq - Director


LION SPRINGS LIMITED (REGISTERED NUMBER: 01842409)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Lion Springs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

The directors consider the value of the freehold property and improvements have not changed significantly since the re-valuation in 2014 and have therefore not depreciated the assets further.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

LION SPRINGS LIMITED (REGISTERED NUMBER: 01842409)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2022
and 30 September 2023 135,000 89,400 24,732 9,724 258,856
DEPRECIATION
At 1 October 2022 - 88,825 19,107 9,724 117,656
Charge for year - 115 844 - 959
At 30 September 2023 - 88,940 19,951 9,724 118,615
NET BOOK VALUE
At 30 September 2023 135,000 460 4,781 - 140,241
At 30 September 2022 135,000 575 5,625 - 141,200

5. STOCKS
2023 2022
£    £   
Raw materials 22,500 21,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 53,436 55,993
Prepayments 3,537 2,583
56,973 58,576

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 5,000 5,000
Trade creditors 10,648 13,647
Corporation tax 16,764 13,962
Social security and other taxes 1,050 885
VAT 7,586 10,225
Other creditors 8,000 6,000
Directors' current accounts 97,297 80,195
Accrued expenses 7,978 8,946
154,323 138,860

The directors' current accounts are unsecured, interest free and repayable upon demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 30,000 40,000

LION SPRINGS LIMITED (REGISTERED NUMBER: 01842409)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,000 5,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 20,000 30,000

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,115 1,297

Deferred
tax
£   
Balance at 1 October 2022 1,297
Credit to Statement of Income and Retained Earnings during year (182 )
Balance at 30 September 2023 1,115

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,850 Ordinary A £1 2,850 2,850
150 Ordinary B £1 150 150
3,000 3,000

12. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 61,453